Mexico faces an election in June amid rising natural gas demand and infrastructure needs. See what NGI analysts gleaned from the recently completed 4Q2023 earnings season. SLB Corp. (SLB): CEO Olivier Le Peuch told investors on SLB’s 4Q2023 earnings conference call that “in the international markets, we expect full year revenue growth reaching the mid-teens…
Tag / natural gas
Subscribenatural gas
Articles from natural gas
Natural Gas Futures Drop as Freeport LNG’s Rolling Outages Stymie Demand; Cash Extends Gains
Natural gas futures fell Friday, tripped up by warmer forecasts for late March and additional work at the Freeport LNG terminal that could offset volume gains from a restart of its third train. At A Glance: Production at 100.8 Bcf/d National Avg. gains for second day Freeport LNG inspections offset restart The April Nymex contract…
With Natural Gas Prices So Cheap Across the Border, Why Isn’t Mexico Importing More? – Column
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Almost 10 years have passed since the formation of Cenagas, the operator of Mexico’s Sistrangas natural gas pipeline network. The first open…
Speculation Over Freeport LNG Repairs Sinks Natural Gas Futures — MidDay Market Snapshot
Natural gas futures dropped sharply midday amid speculation over potential repairs at Freeport LNG terminal April Nymex contract climbed to near $1.720/MMBtu before sell-off kicked in around 12:40 p.m. ET Front month off 8.6 cents to $1.655 as of 2:28 p.m. ET Per Bloomberg report: Freeport Train 3 restarting, but repairs expected for liquefied natural…
Storage Print Beat, Possible Freeport LNG Restart Boost Natural Gas Futures
Natural gas futures found fresh footing Thursday, supported by a weekly storage report that slightly beat estimates and signs that the Freeport LNG export terminal may be preparing to restart its third train. At A Glance: Production falls to 100.8 Bcf/d Freeport power use hints at restart National Avg. rises 1.0 cent $1.145 The April…
North American Natural Gas Prices in Doldrums After Warm Winter – Mexico Spotlight
North American natural gas futures gained some ground on Thursday but overall, prices continued to languish. After six straight sessions of losses, the New York Mercantile Exchange contract for April rose on Thursday by 8.3 cents/MMBtu day/day to settle at $1.741. There was little room for optimism, though, for natural gas bulls. AccuWeather said the…
EIA Cuts U.S. Natural Gas Price Forecast Amid Warm Winter Temps, Stout Supply
The U.S. Energy Information Administration (EIA) is slashing its projected 2024 average Henry Hub natural gas spot price by 14% versus its month-earlier forecast after observing record lows for the benchmark in February, the agency said Tuesday. EIA, in its latest Short-Term Energy Outlook (STEO), modeled an average Henry Hub price of $2.27/MMBtu for 2024,…
Natural Gas Futures Slide as Cash Prices at Three-Year Lows Outweigh CNX Output Cuts
Natural gas futures reversed early gains Tuesday as weaker physical prices squashed initial optimism from another producer curtailment to send the prompt contract to its fifth straight decline. At A Glance: CNX cuts 30 Bcf equivalent Two Freeport LNG trains offline National Avg. sinks to $1.285 The April Nymex contract settled at $1.714/MMBtu, down 4.5…
Threat of Early Season Storage Build Chases Natural Gas Futures, Cash Lower
Natural gas futures fell on Monday for a fourth session as the possibility of an early season storage build later this week outweighed cooler weather trends into late March. At A Glance: NGI models 3 Bcf withdrawal National Avg. notches new 2024 low West Texas cash prices flip negative The April Nymex contract settled at…
Argentina’s YPF Aiming to Become ‘Global LNG Player,’ Says New CEO
Argentina’s 51% state-owned oil and gas company YPF SA is aiming to sanction a large-scale LNG export project by mid-2025, with the first 1-2 million metric tons/year (mmty) of liquefaction capacity online by 2027, the firm’s new management said. “Our goal is to become a global LNG player through the massive monetization of our shale…